Every five years, the MPO prepares an updated Long Range Transportation Plan (LRTP) with a twenty-five year outlook. Adopted by the Palm Beach MPO Board in late 2014, Directions 2040 provides the framework for a balanced and cost feasible transportation system that includes major roadway, transit and freight projects, while setting aside a pool of federal funds for the Local Initiatives program, a competitive funding program of the Palm Beach MPO for smaller, non-regionally significant projects. The final cost feasible plan of the Directions 2040 LRTP represents a $4.6 billion investment in system improvements.
To fund short-term improvements to the transportation system that are consistent with the LRTP, the MPO adopts an updated Transportation Improvement Program (TIP) each year. The TIP allocates funds from federal, state and local sources for the upcoming five fiscal years for regionally significant transportation improvements located primarily on the state highway system for all travel modes.
Each year, the Palm Beach TPA Governing Board adopts a List of Priority Projects which is transmitted to the Florida Department of Transportation (FDOT) for development of the annually produced FDOT Five-Year Work Program, which evolves into the TIP to be adopted the following year.
The Palm Beach Transportation Planning Agency's (TPA) two-year business plan, budget and application for Federal transportation planning funds.
The RTP is updated every five years to adapt to population changes of the region. With the horizon year of 2040 - consistent with the 2040 Long Range Transportation Plans developed by the individual member T/MPOs for their respective counties – RTP development steps range from goal setting to selection and prioritization of projects for inclusion in a financially feasible plan. SEFTC members adopted the 2040 RTP in July 2015.